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Remortgaging… Money Matters
A
known problem or inconvenience is approaching – the in-laws perhaps - you consider, is the problem avoidable? Can I ignore
it, ostrich style? Or do I meet it head on? This internal battle plays-out throughout life’s journey, and very much applies to the renewal of your mortgage at the end of the fixed term… “Yes, there’s an element of certainty about time itself; and yes, I did know that the preferential initial interest rate was due to expire; but it’s not life or death! …And I’m far too busy to deal with this right now.” Next, you find yourself on the Standard
Being proactive can be a real benefit with regards to
Variable Rate (SVR) and [ironically] invariably paying more per month than previously. This will motivate some parties to re-mortgage and others to accept the new rate… “it’s affordable” and/ or “I can do without the hassle”. Providing a qualified mortgage adviser and/or an
Independent Financial Adviser with the necessary details as you approach the conclusion of your mortgage fixed
your mortgage; it’s cheaper and easier than you may think.
By Rob Cowsill, Financial Planner at SWLaw Investment & Financial Planning Limited
rate term, or asap thereafter, can enable them to carry out some analysis of the market and potentially identify opportunities prior to commitment. Being proactive can be a real benefit with regards to
your mortgage; it’s cheaper and easier than you may think. At SWLaw for instance, there is no up-front cost and we only receive a fee direct from the lender if we successfully find and broker a new dea; this is known as the procuration fee. This structure will be mirrored by many advisers. Considering how hard many of us
work for our money - the Devon average wage being just over £11 per hour - the prospect of unnecessarily overpaying
makes re-mortgage enquiry appealing... How many hours at work could that decision save you? I’m the first to moan when my free time is ‘stolen’, e.g. by chores or the ‘can-you-nip-to-the-shops-on-the-way-home’ text, but there’s potentially a significant benefit at the end to soften the blow.
Everybody makes plans - new job, new house, holidays…
But what about planning your financial future? This can be complex and daunting.
Looking to invest a lump sum?
Do you need an income from your investments? Is your pension on track?
Worried about inheritance tax? Want to reduce your tax burden?
We can help
Friendly, no cost, no obligation consultation CALL US NOW! 01752 205205
Kingsley Close • East Way • Lee Mill • Ivybridge • Devon • PL21 9GD SWLaw Investment & Financial Planning Ltd
Registered in England. Company Number 03462625 Authorised and regulated by the Financial Conduct Authority. Firm No 222033
swlaw.co.uk Financial Advert
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